Friday 18 November
UFU MPI: 43.30ppl (was 44.40ppl) – In recent weeks there has been a weakening in global commodity prices including dairy. Yet this week we saw a two-point-four percent increase in the all GDT product index in New Zealand, positive since there were increased volumes traded. Dutch price falls seemed to have slowed down compared to previous weeks, with butter back €50/tonne to €5850 and skim milk podwer (food grade) falling by €20 to €2980/tonne.
Friday 4 November
UFU MPI: 44.40ppl (was 46.36ppl) – GDT All Product in New Zealand slipped three-point-nine percent this week and there were also falls in dairy commodity prices in Dutch markets, with butter back €250/tonne to €6150 and whole milk powder was down €220 to €4450/tonne. Global negativity being driven by China where they are fully stocked with key products including whole milk powder. Downard pressure on price also being generated by a recovery in milk production volumes. All eyes now on demand which will drive direction in Q1 2023.
Friday 21 October
UFU MPI: 46.36ppl (was 47.56ppl) – The last fortnight saw a weakening of dairy commodity prices. In New Zealand, the GDT all product index slipped four-point-six percent to $3723/tonne. In Europe Dutch butter prices weakened back €420/tonne meanwhile closer to home, UK mild cheddar was down £50/tonne to £4900, its first drop since July and Mozzarella was back by £200/tonne.
Friday 7 October
UFU MPI: 47.56ppl (was 48.19ppl) – This week saw New Zealand GDT average prices fall by three-point-five percent, having recorded consecutive increases for the last two events. At ZuivelNL/Dutch Dairy Board. butter was back €100/tonne to €7,120, SMP (food grade) slipped €50 to €3630/tonne and whey power was €940, down €20/tonne on last week.
